Auto-parts maker files for receivership

A central city company owned by two of Milwaukee’s prominent African-American leaders filed for receivership this week and told the state it might have to close its factory in the Riverwest neighborhood.The company filed for receivership this week and told the state it might have to close its factory in Milwaukee’s Riverwest neighborhood. Virgis and Angela Colbert’s Production Stamping Corp. said it is not able to meet its financial obligations